Thirani Projects Limited has announced a significant change in its shareholder structure following a board meeting held on October 11, 2025. The company's Board of Directors has approved the reclassification of M/s. Apanapan Distributors LLP from Promoter Shareholder to Public Shareholder status.

Key Details of the Reclassification

• Request Date: October 8, 2025
• Board Approval Date: October 11, 2025
• Regulatory Framework: Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Conditions and Commitments

The board's decision comes with several conditions and commitments from Apanapan Distributors LLP:

Company Compliance and Assurances

Thirani Projects Limited has confirmed its compliance with regulatory requirements:

• The company will maintain the minimum public shareholding as required under Regulation 38 of SEBI LODR Regulations.
• There are no outstanding dues to SEBI, stock exchanges, or depositories.
• Trading in the company's shares has not been suspended by stock exchanges.

Next Steps

The reclassification is subject to requisite approvals from stock exchanges. The company has authorized its directors, Chief Financial Officer, and Company Secretary to take necessary actions, including making applications and submitting required documents to regulatory authorities.

This corporate action reflects Thirani Projects Limited's commitment to transparent governance and adherence to regulatory standards. Shareholders and potential investors should note that this reclassification may impact the company's shareholding pattern but does not affect its business operations or management structure.

Investors are advised to consider this information in their investment decisions and to monitor further announcements from the company regarding the final approval of this reclassification by the stock exchanges.

Thirani Projects Limited held its 42nd Annual General Meeting (AGM) on September 25, 2025, where shareholders approved several significant governance appointments. The meeting, conducted through video conferencing and other audio-visual means, saw the re-appointment of three Independent Directors and the appointment of a new Secretarial Auditor.

Re-appointment of Independent Directors

The shareholders approved the re-appointment of three Independent Directors for second five-year terms, effective from September 25, 2025, to September 25, 2030:

1. Mrs. Pritika Choraria (DIN: 08752495): A Chartered Accountant and Company Secretary, Mrs. Choraria brings valuable financial expertise to the board.

2. Mr. Nitesh Singh (DIN: 08751700): At 35 years old, Mr. Singh contributes 12 years of financial sector experience and currently serves as a Manager at Agrud Technologies India Pvt. Ltd., a Singapore-based company.

3. Ms. Vaishali Kumari Shaw (DIN: 08804508): A Commerce graduate with experience in accounts and finance.

These re-appointments were recommended by the Board and the Nomination and Remuneration Committee, highlighting the company's commitment to maintaining experienced leadership.

Appointment of Secretarial Auditor

In addition to the director re-appointments, the shareholders approved the appointment of M/s Kirti Sharma & Associates as the Secretarial Auditor for five consecutive years, from the financial year 2025-26 to 2029-30. CS Kirti Sharma, the firm's proprietor, brings over 9 years of post-qualification experience in secretarial and legal matters.

Other AGM Proceedings

The AGM, which lasted from 1:00 PM to 1:15 PM IST, also saw the approval of other routine matters:

• Adoption of the Audited Standalone Financial Statements for the year ended March 31, 2025
• Re-appointment of Mrs. Santosh Choradia (DIN: 08471379) as a Director, who was retiring by rotation

The meeting was chaired by Mr. Pradeep Kumar Daga, Managing Director of Thirani Projects Limited. The company utilized both remote e-voting and venue voting at the AGM to ensure maximum shareholder participation in the decision-making process.

These appointments and re-appointments reflect Thirani Projects Limited's focus on maintaining strong corporate governance practices and ensuring diverse expertise on its board. The mix of financial, secretarial, and industry experience among the appointed individuals is expected to contribute to the company's strategic direction and compliance efforts in the coming years.